3 ms·
It makes more sense in Switzerland because it's small. America is huge. There is no land shortage outside of a few urban areas. It makes some sense in San Franc
by api 11y ago
It makes more sense in Switzerland because it's small. America is huge. There is no land shortage outside of a few urban areas. It makes some sense in San Francisco, but crazy property prices (when compared to wages) are a largely national phenomenon.
- seanmcdirmid 11y agoSwitzerland has a lot of open space also...it isn't so dense. The key point is stability: housing prices really shouldn't fluctuate much outside of abnormal conditions. So even if they are high, as long as they are stable, then you at least feel ok about taking that loan out if you can. The problem is that many see real estate as an investment and an opportunity to get rent. That does nothing for the economy, and at least property taxes work against that (Swiss takes that to the next level with a rental tax, even if you don't rent your house).